Famous Personality

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  • Despite his success, it was clear to Mittal that these ventures would never match the size of his ambitions. So in 1980 he sold the bicycle-parts and yarn factories and decamped to Mumbai, where he reinvented himself as a trader, crisscrossing the nation by train in search of customers for imported stainless steel, brass, plastics and zip fasteners. Business was good.
  • Famous Personality

    1. 1. About<br />Sunil Bharti Mittal<br />
    2. 2. Sunil Bharti Mittal<br />Chairman & Managing Director of Bharti Airtel Ltd. head quartered at New Delhi, India.  <br />Started his career at a young age of 18 after graduating from Punjab University in India and founded Bharti, with a modest capital, in the year 1976. <br />Today, at 49 he heads a successful enterprise, amongst the top 5 in India, with a market capitalization of over US$ 40 billion and employing over 30,000 people.<br />
    3. 3. Sunil Bharti Mittal…<br />Sunil is an alumnus of Harvard Business School, MA, USA.<br />Sunil has been conferred one of the highest civilian award – PadmaBhushan.<br />Sunil has been conferred the degree of Doctor of Science (HonorisCausa) by the G B Pant University of Agriculture & Technology.<br />Sunil is an Honorary Fellow of “The Institution of Electronics and Telecommunication Engineers (IETE)“.<br />Sunil is the Honorary Consul General of the Republic of Seychelles in New Delhi, India.<br />
    4. 4. Journey<br />Unlike the scions of those great families. The son of a parliamentarian, Sunil did not want to follow his father&apos;s footsteps. He had shown an interest in business even from his teenage days.<br />1976: Founded Bharti starting with modest capital of Rs 20,000 – made crankshafts for local bicycle manufacturers. Within 3 years he had set up 2 more plants, one that turned out yarn and the other stainless-steel sheets used for surgical utensils.<br />1980: Shifted to Mumbai - Reinvented himself as a trader, crisscrossing nation by train in search of customers for imported steel, brass, plastics & zip fasteners.<br />
    5. 5. Journey…<br />1982: Started importing Suzuki’s generators. Within 2 yearsMittal had established a national distribution network with offices in 4 cities.<br />1984: With no warning, bureaucrats in New Delhi announced they had awarded licenses to manufacture generators to Sriram and Birla, two of India&apos;s largest industrial groups. The import of foreign generators was immediately banned.<br />
    6. 6. Journey…<br />1984: Started importing Touch Phone from Taiwan. In months Bharti was selling gadgets to Indian customers under the name – Mittbrau (Mittal Brothers).<br />Touch Phones were banned in India<br />Phones were disassembled in Taiwan <br />Imported components were reassembled in Ludhiana.<br />That success, too, was blunted by a shift in government policy. When regulators decided touch-tone phones should be made in India, they parceled out licenses to 52 Indian firms, relegating Bharti to second-tier status behind the larger, better-connected industrial groups. Bharti‘s venture flourished, diversifying into fax machines, answering machines and cordless phones. <br />
    7. 7. Journey…<br />1992: Mittal moved to London, where he spent lavishly on outside experts to educate him on the workings of the mobile-phone industry and to assemble a world-class tender offer.<br />Bharti won licenses in India&apos;s 4 largest cities, but over the next 2 years the victory was pared back to just Delhi after a series of legal challenges by rejected rivals. <br />But the setback proved a blessing. Running mobile-phone service in India proved far more costly than anyone imagined. Bharti&apos;s initial estimate of $25 million to build a network in Delhi was too low by a factor of four. <br />
    8. 8. Journey…<br />“But lo and behold, in two or three years the other companies started falling like ninepins. They couldn&apos;t even pay the licensing fee. They struggled, and we were ready.”<br />- Mittal<br />
    9. 9. Today<br />Bhartiis among India&apos;s largest mobile phone and Fixed Network operators. With more than 50 million subscriptions as of 1st October 2007, the company is one of the world&apos;s fastest growing telecom companies.<br />
    10. 10. Tomorrow…<br />Mittal, who has vowed to step back from day-to-day management of the mobile operation is already shifting focus. <br />Bharti Airtel is &quot;running on its own steam now,It&apos;s come to a point where, if I interfere, I&apos;ll only create trouble.<br />Inside the company his priority is the new retailing tie-up with Wal-Mart, an endeavor he says will have a &quot;transformational&quot; impact on Indian life.<br />
    11. 11. Thank you<br />“As an entrepreneur, I need to scale a few more peaks before I hang it up.”<br /><ul><li>Mittal</li></ul>Sources<br />Bharti & Associated Co. Websites<br />CNN.COM<br />Wikipedia<br />

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